Brookdale Senior Living
The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Brookdale Senior Living met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP loss per share expanded.
Gross margins grew, operating margins dropped, net margins shrank.
Brookdale Senior Living logged revenue of $696.5 million. The five analysts polled by S&P Capital IQ predicted net sales of $694.6 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $578.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.06. The five earnings estimates compiled by S&P Capital IQ averaged -$0.03 per share. GAAP EPS were -$0.10 for Q3 against -$0.06 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 40.9%, 680 basis points better than the prior-year quarter. Operating margin was 3.5%, 190 basis points worse than the prior-year quarter. Net margin was -1.7%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $698.4 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $2.76 billion. The average EPS estimate is -$0.23.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 115 members out of 141 rating the stock outperform, and 26 members rating it underperform. Among 47 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 42 give Brookdale Senior Living a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Brookdale Senior Living is outperform, with an average price target of $25.60.
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